Scottsdale luxury $1 billion mixed-use development receives city council approval

PHOENIX — A mixed-use project that could represent a capital investment of $1 billion in north Scottsdale received its thumbs up.

Scottsdale-based Optima Inc. received approval from Scottsdale City Council this week on a development agreement and rezoning for Optima McDowell Mountain Village. The deal was approved Monday on a 4-3 vote. Optima will build six, eight-story buildings that are each 118 feet tall. Four of those buildings will be apartments and the other two are condominiums. Those buildings will include 1,330 units plus 36,000 square feet of commercial space and other amenities throughout the development.

Optima will build studios, one-bedroom, two-bedroom and three-bedroom units that range in square feet from 775 to 2,025 square feet. Each of the six buildings will have a rooftop pool.

Read more on ABC 15

Visit Optima McDowell Mountain Village for more details

Optima McDowell Mountain Village to be developed in Arizona

Plans are underway for the development of a $1 billion residential project in Scottsdale, Arizona dubbed the Optima McDowell Mountain Village. Recently, the developer, Optima, received approval from the city to commence construction on the new residential community. The construction will take place at a 22-acre location on Scottsdale Road and Loop 101 Freeway.

Optima purchased the 22 acre property for its Optima McDowell Mountain Village from John Lund at $44.7 million. The property is at an convenient location, which is only a five minutes drive to Scottsdale Quarter and Kierland Commons. Additionally, the nearby Loop 101 Freeway also offers rapid access to all of Scottsdale and other areas beyond. Therefore, the daily commute times will be reduced for future residents planning to visit Scottsdale’s most popular entertainment and dining destinations.

 

Read the article on Construction Review Online

Visit Optima McDowell Mountain Village for more details

‘Through-the-roof’ $1B project approved

For potential residents, this project is literally through the roof – with rooftop shade trees, running tracks, swimming pools and stunning views of the surrounding mountains.

But on the checklist of things current Scottsdale residents go through the roof in anger over, this billion-dollar project hits them all.

Desert land being developed? Check.

More apartments? Check.

More traffic? Check.

Roundabout? Check.

On May 4, the Development Review Board unanimously approved Optima McDowell Mountain Village, which plans 10- story buildings housing 1,330 luxury apartment and condo units on North Scottsdale Road.

The desert land to be developed spans from Mayo Boulevard to the Loop 101.

Scottsdale City Council narrowly approved the development in November.

The mammoth Optima project, projected to cost $1 billion to build, was opposed by council members Kathy Littlefield, Betty Janik and Solange Whitehead.

“Residents told us loud and clear to anyone who was listening in the last election that they wanted to slow down the development in Scottsdale,” Littlefield said at the November meeting.

“It seems to me all we’ve done now is try and find the ways to manage to grow more and grow higher. Higher, denser, bigger is not what our citizens voted for.”

But Mayor David Ortega and council members Tammy Caputi, Tom Durham and Linda Milhaven approved the high-end complex.

Littlefield raised concerns about water use.

“I am concerned about a couple of things with this,” Littlefield said. “We’ve been going around telling our neighbors and telling our citizens, ‘Cut back on water, cut back on water, don’t water your lawn, don’t do this, don’t do that.’”

But an Optima representative sold the Development Review Board that the development will be extremely “green.”

“This will be our most sustainable project to date,” Optima’s David Hovey Jr. promised.

“Optima McDowell Mountain Village (units) will use approximately one-quarter the amount of water of a single-family home.”

Last year, Optima transferred 2,750 acre feet of water to the city “to make the project water neutral.”

Hovey Jr. said that would provide anywhere from 11 to 32 years of demand by the new project.

Optima says it will have a 210,000 gallon rainwater harvesting storage tank – which the developer claims will be the largest private rainwater harvesting system in the United States.

Optima has a similar development at Kierland Commons.

“Other site enhancements include a new sidewalk and path system along both street frontages, a roundabout located at Mayo and North 73rd Place and a transit stop along North Scottsdale Road,” according to the plan submitted by Optima.

According to the presentation, the 20-acre development in the Greater Airport Area “has evolved as the result of 11 iterations with the mayor, city council, the city’s planning and building departments and neighborhood outreach.”

“We had over 300 letters of support and only six letters in opposition,” he stressed.

In addition to adding a bus stop, the project will have a bike path “around the entire development.”

The project’s six buildings will be built in three phases, according to Hovey Jr..

He said 25% of commercial space was added “at the request of the mayor.”

“Traffic will be on average 1% to 1.8% more daily traffic than if the project was not present,” he said.

The rooftops of the buildings are particularly stunning, featuring shade trees, running tracks – and swimming pools.

Riehl referred to a $15.6 million “height buy up that can be used at the mayor and city council’s discretion.”

According to a website marketing the project, “Consisting of approximately 970 apartments and approximately 420 luxury condos for sale is Optima McDowell Mountain Village.

“The $1 billion development features a 22-acre location … subterranean parking, an underground trash system, and approximately 36,000 square feet of world-class commercial space.”

Plans show dozens of shade trees and large, open green space, including a putting green; Optima says artificial turf will drastically reduce water use.

If they were giving out grades, the Design Review Board would give this one an A+.

“This is a fantastic project for Scottsdale,” said William Scarbrough, a board member.

“I think it’s very stunning and beautiful,” fellow board member Michal Ann Joyner added. “I think North Scottsdale’s going to be very happy to have this project.”

Ali Fakih praised the “out of the box thinking” of the project.

Even Janik, who voted against the project in November, voted for it in her role with the Development Review Board.

 

Read more on Yahoo! News

Visit Optima McDowell Mountain Village for more details

Mega projects will dominate 2025

If you’re driving around Scottsdale this first week of 2025, take a mental picture of the landscape.

The scene is going to look very different by the end of the year.

Dozens of projects of varying scales are in process or prepping to change the view around the city.

Here are the top 25 Scottsdale construction projects to watch in 2025:

Optima McDowell Mountain Village

Unlike several of its prominent neighbors along “development row,” this 1,300-unit apartment complex is moving full-speed ahead.

And, unlike massive projects bankrolled by Californians, Texans and other out-of-towners, this one – though the glammy apartments are far from rustic – has a certain “hometown vibe.”

The North Scottsdale face changer was imagined by David C. Hovey and David Hovey Jr., the superstar father-son Scottsdale architects.

Construction crews have been excavating, laying foundations and putting beams in place for the last year on this multi-building behemoth – the largest apartment complex in Scottsdale history.

The new “environmentally friendly neighborhood” promises it “will also be a destination for Scottsdale residents with 36,000 square feet of commercial and retail offerings, 75% open space on grade level and 100% underground parking. The property will feature a bicycle/pedestrian path.”

Optima is working on the first luxurious apartment building – they all will have rooftop pools – on former desert land just south of the Loop 101 on Scottsdale Road.

The first apartments should be ready-to-rent by fall.

 

Read more on East Valley Tribune

Visit Optima McDowell Mountain for more details

Scottsdale approves $1B-plus mixed-use residential project

The Scottsdale, Arizona, city council has approved zoning changes and a development agreement for the $1 billion-plus Optima McDowell Mountain Village mixed-use project. Developer Optima said in city council documents that it would start construction as soon as possible.

The project will encompass a total of almost 22 acres and will feature six, eight-story buildings – a mix of apartments and condominiums – around the perimeter of the property. The buildings will have 14-foot-high, glass-enclosed ground-floor levels, rooftop decks and landscaped terraces.

Optima said it will build two of the six buildings as part of the project’s first phase, according to its city council presentation.

Optima said the introduction of more than 1,300 residential units into the Scottsdale area will help ease the housing shortage in the area and help stabilize rents.

The city council approved the project’s density – 61 homes per acre – and a maximum 118-foot height in return for almost $16 million that Optima will pay into the into the Greater Airpark Special Improvement Trust Fund. The mayor and city council decide how to use money from the fund.

The project is located within the confines of the airpark, the area surrounding Scottsdale Airport general aviation facility. Airpark and city plans have identified the section of the airpark where Optima is building as one that it is suited for mixed-use and high-density residential projects.

Optima has also agreed to a special water plan through which the developer will give the city long-term storage credits it has purchased, enough to make the project net neutral for Scottsdale water demand for 10 years.

The project will also include:

  • A swimming pool and running track on top of each building’s roof deck;
  • Approximately 12 acres of open space with a multi-use path that will connect to the city’s bicycle master plan, a putting green and seating areas;
  • 36,000 square feet of “destination” commercial and retail space within the 12 acres;
  • 100% underground parking and other services to maximize usable, above-ground space;
  • An approximately 210,000-gallon rainwater harvesting system for reuse onsite.

Optima executives and architects David C. Hovey and David Hovey Jr. designed the project.

 

Read more on The Construction Broadsheet

Visit Optima McDowell Mountain Village for more details

Optima McDowell Mountain Village to Break Ground in Scottsdale

A new development is in the works from award-winning real estate development firm, Optima, with plans to make its next community, Optima McDowell Mountain Village, a sustainable, mixed-use space in North Scottsdale. The community will break ground in late 2023. 

Optima has received the green light from the city to create the new sustainable community with a $1 billion budget. The community will be located on the southwest corner of Scottsdale Road and the Loop 101 Freeway, spanning 22 acres. Optima McDowell Mountain Village will be made up of eight concrete structures holding 1,330 luxury residences and 36,000 square feet of commercial and retail space.

“We are especially excited about the location of Optima McDowell Mountain Village being in North Scottsdale so close to the spectacular McDowell Mountains and the proximity to the Loop 101 Freeway as well as current and future major employers,” says David Hovey Jr., AIA, Optima’s President and COO, in a press release.

Rather than have two separate communities, Optima McDowell Mountain Village will feature both apartments and condominiums. The new residential neighborhood will have an environmentally friendly impact by utilizing the largest private rainwater-harvesting site in the U.S. to save water and provide the city of Scottsdale with a new water system. The community will also house state-of-the-art, health-based amenities that are also eco-friendly.

“Architecturally this project will be unique with over 75 percent open space with six buildings surrounding a central sheltered courtyard comprised of a combination of xeriscape, drip irrigation and artificial turf. This will be our most sustainable project to-date and will include the largest private rainwater-harvesting system in the United States, as well as the next evolution of our vertical landscaping system and active roof decks.”

The community will be the first project in Arizona to be built under the new International Energy Conservation Code (IECC) and International Green Construction Code (IgCC). Some highlights include utilizing solar panels, a self-containing irrigation and drainage system and an abundance of plants to provide natural shading while filtering the air and lowering the ambient temperature.

Each of the six buildings will feature a resort-style pool on the rooftop deck, spanning the Olympic pool length of 50 meters. The deck will also house a sauna, spa, cold plunge, running track, cozy fireplaces, outdoor kitchens equipped with barbecues and more. Spectacular panoramic views of the McDowell, Pinnacle Peak and Camelback Mountains can also be enjoyed.

Inside the building, future residents can anticipate enjoying well-appointed lobbies, a fitness center, a yoga studio, steam rooms, game rooms, theaters, indoor basketball courts, golf simulators, outdoor putting, kid’s playgrounds, dog parks, pet spas and more to come.

 

Read more on Fabulous Arizona

Visit Optima McDowell Mountain Village for more details

‘Through-the-roof’ $1B project approved

For potential residents, this project is literally through the roof – with rooftop shade trees, running tracks, swimming pools and stunning views of the surrounding mountains.

But on the checklist of things current Scottsdale residents go through the roof in anger over, this billion-dollar project hits them all.

Desert land being developed? Check.

More apartments? Check.

More traffic? Check.

Roundabout? Check.

On May 4, the Development Review Board unanimously approved Optima McDowell Mountain Village, which plans 10- story buildings housing 1,330 luxury apartment and condo units on North Scottsdale Road.

The desert land to be developed spans from Mayo Boulevard to the Loop 101.

Scottsdale City Council narrowly approved the development in November.

The mammoth Optima project, projected to cost $1 billion to build, was opposed by council members Kathy Littlefield, Betty Janik and Solange Whitehead.

“Residents told us loud and clear to anyone who was listening in the last election that they wanted to slow down the development in Scottsdale,” Littlefield said at the November meeting.

“It seems to me all we’ve done now is try and find the ways to manage to grow more and grow higher. Higher, denser, bigger is not what our citizens voted for.”

But Mayor David Ortega and council members Tammy Caputi, Tom Durham and Linda Milhaven approved the high-end complex.

Littlefield raised concerns about water use.

“I am concerned about a couple of things with this,” Littlefield said. “We’ve been going around telling our neighbors and telling our citizens, ‘Cut back on water, cut back on water, don’t water your lawn, don’t do this, don’t do that.’”

But an Optima representative sold the Development Review Board that the development will be extremely “green.”

“This will be our most sustainable project to date,” Optima’s David Hovey Jr. promised.

“Optima McDowell Mountain Village (units) will use approximately one-quarter the amount of water of a single-family home.”

Last year, Optima transferred 2,750 acre feet of water to the city “to make the project water neutral.”

Hovey Jr. said that would provide anywhere from 11 to 32 years of demand by the new project.

Optima says it will have a 210,000 gallon rainwater harvesting storage tank – which the developer claims will be the largest private rainwater harvesting system in the United States.

Optima has a similar development at Kierland Commons.

“Other site enhancements include a new sidewalk and path system along both street frontages, a roundabout located at Mayo and North 73rd Place and a transit stop along North Scottsdale Road,” according to the plan submitted by Optima.

According to the presentation, the 20-acre development in the Greater Airport Area “has evolved as the result of 11 iterations with the mayor, city council, the city’s planning and building departments and neighborhood outreach.”

“We had over 300 letters of support and only six letters in opposition,” he stressed.

In addition to adding a bus stop, the project will have a bike path “around the entire development.”

The project’s six buildings will be built in three phases, according to Hovey Jr..

He said 25% of commercial space was added “at the request of the mayor.”

“Traffic will be on average 1% to 1.8% more daily traffic than if the project was not present,” he said.

The rooftops of the buildings are particularly stunning, featuring shade trees, running tracks – and swimming pools.

Riehl referred to a $15.6 million “height buy up that can be used at the mayor and city council’s discretion.”

According to a website marketing the project, “Consisting of approximately 970 apartments and approximately 420 luxury condos for sale is Optima McDowell Mountain Village.

“The $1 billion development features a 22-acre location … subterranean parking, an underground trash system, and approximately 36,000 square feet of world-class commercial space.”

Plans show dozens of shade trees and large, open green space, including a putting green; Optima says artificial turf will drastically reduce water use.

If they were giving out grades, the Design Review Board would give this one an A+.

“This is a fantastic project for Scottsdale,” said William Scarbrough, a board member.

“I think it’s very stunning and beautiful,” fellow board member Michal Ann Joyner added. “I think North Scottsdale’s going to be very happy to have this project.”

Ali Fakih praised the “out of the box thinking” of the project.

Even Janik, who voted against the project in November, voted for it in her role with the Development Review Board.

 

Read more on Orion Investment Real Estate

Visit Optima McDowell Mountain Village for more details

Mega projects will dominate 2025

Jan. 5—If you’re driving around Scottsdale this first week of 2025, take a mental picture of the landscape.

The scene is going to look very different by the end of the year.

Dozens of projects of varying scales are in process or prepping to change the view around the city.

Here are the top 25 Scottsdale construction projects to watch in 2025:

Optima McDowell Mountain Village

Unlike several of its prominent neighbors along “development row,” this 1,300-unit apartment complex is moving full-speed ahead.

And, unlike massive projects bankrolled by Californians, Texans and other out-of-towners, this one — though the glammy apartments are far from rustic — has a certain “hometown vibe.”

The North Scottsdale face changer was imagined by David C. Hovey and David Hovey Jr., the superstar father-son Scottsdale architects.

Construction crews have been excavating, laying foundations and putting beams in place for the last year on this multi-building behemoth — the largest apartment complex in Scottsdale history.

The new “environmentally friendly neighborhood” promises it “will also be a destination for Scottsdale residents with 36,000 square feet of commercial and retail offerings, 75% open space on grade level and 100% underground parking. The property will feature a bicycle/pedestrian path.”

Optima is working on the first luxurious apartment building — they all will have rooftop pools — on former desert land just south of the Loop 101 on Scottsdale Road.

The first apartments should be ready-to-rent by fall.

 

Read more on Yahoo News

Visit Optima McDowell Mountain for more details

Optima: LEEDing the Way in Sustainability and Conservation

Optima, an award-winning real estate development firm, recently announced plans to move ahead with its next Arizona residential development, Optima McDowell Mountain Village, in North Scottsdale after receiving the city’s approval for the $1-billion sustainable mixed-use community. 

Breaking ground spring/summer 2023, the 22-acre site, located on the southeast corner of Scottsdale Road and the Loop 101 Freeway, is comprised of six concrete-framed, eight-story buildings that will include 1,330 luxury residences and 36,000 square feet of commercial and retail space. The development will be a mix of condominiums and apartments.

And it premiers a couple of special features.

Rainwater Harvesting and Water Conservation

Optima McDowell Mountain Village will be the largest private rainwater harvesting site in the United States, with an approximately 210,000-gallon storm water tank in a concrete vault at the lower level of the site. The tank will recapture water to repurpose for irrigation. Based on data from two other Optima communities in Scottsdale, the residences within the community are expected to use half as much water as the average Scottsdale multifamily residence and a quarter as much water as the average Scottsdale single-family home. Optima is also providing the City of Scottsdale with 2,750 acre-feet of water that will be deposited into the Scottsdale water system.

New Green Standards

The community will be the first project in Arizona to be built under both the new International Energy Conservation Code (IECC), which provides for an additional 9% energy savings over the previous code, and International Green Construction Code (IgCC). Both codes establish guidelines to create energy-efficient and sustainable buildings.

A few highlights of the sustainable features include 75% open space that will be a combination of artificial turf, xeriscape landscaping and native plants; high-performance mechanical systems, solar panels; 100% underground parking to mitigate the heat-island effect, and Optima’s signature vertical landscape system. The underground parking reduces the heat island effect by 9 to 12 degrees. The vertical landscaping system, with its self-containing irrigation and drainage, will enable a palette of vibrantly colored plants at the edge of each floor to grow both up and over the building. The integration of enhancements to the vertical landscape and architectural shading systems protects homes from the sun and creates additional privacy, while filtering the air and lowering ambient temperature.

Designed in partnership with David Hovey Sr., FAIA, the six buildings feature undulating landscaped facades that echo the shapes of the McDowell Mountains with elevations that will create depth, shadow and texture. The outdoor terraces provided for every residence will be edged with trailing native plants cascading down the building and the colors of the desert will be incorporated throughout the community with bronze glass, railings and planters. Glass-enclosed, 15-foot-high ground-floor levels will feel utterly transparent.

Amenity Rich

Each of the six buildings will contain a variety of state-of-the-art, health-based and resort-style amenities that include a rooftop deck with a 50-meter Olympic-length swimming pool; a sauna, spa and cold plunge; a running track that will follow the perimeter of the roof; and more, along with spectacular views of the surrounding desert landscape and mountains. The ground-floor will feature spacious, well-appointed lobbies; a fitness center and yoga studio; a residents’ club with game room and theater; an outdoor pickleball arena; indoor and outdoor kids’ play spaces; a dog park and pet spa; a business center and conference room; and more.

The convenient location is just a five-minute drive to the shopping, dining and entertainment destinations of Scottsdale Quarter and Kierland Commons, while the proximity to major highways and freeways will provide residents with easy access to the surrounding Valley. In addition, the development will feature a bicycle and pedestrian path around the perimeter of the development that will connect to the bicycle and multi-use paths of the City of Scottsdale Bicycle Master Plan.

Optima McDowell Mountain Village will be Optima’s most sustainable project to-date and will utilize the kind of architectural detail that characterizes Optima’s Arizona projects, representing the next evolution of Optima’s design and construction.   

David Hovey Jr., AIA, is president and COO of Optima, Inc. and Optima-related entities. He oversees all company entities and business units, including development, architecture, construction, land acquisition, entitlements, corporate finance, sales and marketing, investor relations and asset management.

Did You Know: Optima McDowell Mountain Village will be the largest private rainwater harvesting site in the United States, with an approximately 210,000-gallon storm water tank in a concrete vault at the lower level of the site.

 

Read more on In Business

Visit Optima McDowell Mountain Village for more details

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